Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,356 shares of the semiconductor manufacturer’s stock after acquiring an additional 791 shares during the period. Midland Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $961,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $2,867,193,000. Toronto Dominion Bank increased its position in Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock worth $660,475,000 after purchasing an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Advanced Micro Devices by 2,265.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock valued at $364,459,000 after buying an additional 2,889,739 shares during the period. Northern Trust Corp lifted its position in Advanced Micro Devices by 20.1% during the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock valued at $2,072,215,000 after buying an additional 2,874,012 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after buying an additional 2,238,866 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $120.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Benchmark reissued a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $120.00 in a research note on Thursday, March 27th. Loop Capital lowered their target price on Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Finally, Citigroup reiterated a “neutral” rating on shares of Advanced Micro Devices in a report on Wednesday, May 14th. Fifteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.58.

Advanced Micro Devices Price Performance

Shares of AMD opened at $116.19 on Monday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm has a market cap of $188.39 billion, a price-to-earnings ratio of 117.36, a PEG ratio of 1.11 and a beta of 1.99. The stock has a 50 day moving average of $101.39 and a 200-day moving average of $111.78.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period last year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has initiated a share repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.